Cross-chain Interoperability Protocol Seizes Chainlink’s Unique Advantages

DeFi ProtocolsSeptember 14, 2023, 9:40AM EDT
Cross-chain Interoperability Protocol Seizes Chainlink’s Unique Advantages
Partner offers

We'd love your feedback.

Advertisement

Crypto has evolved into a diverse landscape of blockchains. Developers and users have a plethora of options, including various layer-1s, sidechains, rollups, etc. This expansion of the crypto ecosystem has undoubtedly fostered adoption, but it has also resulted in liquidity fragmentation across siloed blockchains.

Cross-chain bridges have grown to become an integral part of crypto infrastructure, enabling interoperability and communication amongst otherwise disparate networks. However, it is impractical and uneconomical for each cross-chain application (xApp) to develop its own technology stack for cross-chain communication, given the immense engineering overhead.

Expert insights. Delivered.

Get access to a suite of news, research, data, and funding tools